Jump Financial LLC Diversifies Portfolio with Acquisition of McGrath RentCorp, Strengthening Financial Position

August 9, 2023

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MCGRATH ($NASDAQ:MGRC): Jump Financial LLC has diversified its portfolio with the acquisition of McGrath RentCorp, a move that symbolizes financial growth. The acquisition date was August 3, 2023. McGrath RentCorp is a publicly traded equipment rental company that operates in the United States, Mexico, and Canada. The company specializes in renting and leasing portable generators, pumps, air compressors, and other heavy equipment to businesses and individuals. The company also provides services such as maintenance and repair, as well as financing options. The acquisition of McGrath RentCorp is expected to expand Jump Financial LLC’s reach into the lucrative rental sector. This move will diversify the company’s portfolio, strengthening its financial position in the long term. By acquiring McGrath RentCorp, Jump Financial LLC can take advantage of the increased demand for rental services in the commercial and residential sectors. Furthermore, the acquisition will enable Jump Financial LLC to access McGrath RentCorp’s existing customer base and business relationships. With the acquisition, Jump Financial LLC can open up new markets and expand its services. It also provides a platform for Jump Financial LLC to bring innovative services and products to the market.

In addition, this move allows Jump Financial LLC to achieve its long-term goals of becoming a leading rental supplier in the industry. This is a great first step for the company as it continues to diversify its portfolio and grow its financial position.

Market Price

On Friday, MCGRATH RENTCORP experienced a slight increase in its stock price when it opened at $95.8 and closed at $96.1, up by 0.1% from prior closing price of 96.0. Jump Financial LLC’s portfolio diversification strategy is expected to bring new opportunities for growth and expansion to the company’s existing operations. MCGRATH RENTCORP’s current financial position is expected to be further strengthened through the sale of its substantial assets to Jump Financial LLC. This acquisition is projected to be mutually beneficial to both companies in the long run.

Jump Financial LLC is expected to benefit from the acquisition, while MCGRATH RENTCORP is anticipated to gain from the diversification of its portfolio, as well as new opportunities for growth and expansion. With this acquisition, both parties are looking forward to the potential for increased revenue and profitability in the near future. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Mcgrath Rentcorp. More…

    Total Revenues Net Income Net Margin
    822.15 172.45 13.8%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Mcgrath Rentcorp. More…

    Operations Investing Financing
    183.84 -362.05 179.68
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Mcgrath Rentcorp. More…

    Total Assets Total Liabilities Book Value Per Share
    2.11k 1.23k 35.96
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Mcgrath Rentcorp are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    11.8% 5.8% 21.2%
    FCF Margin ROE ROA
    -7.2% 12.5% 5.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we analyze the fundamentals of companies to provide investors with the best investment opportunities. After analyzing MCGRATH RENTCORP‘s fundamentals, GoodWhale has made the following conclusions. Our Star Chart shows that MCGRATH RENTCORP is classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors looking to capitalize on this potential growth may be interested in MCGRATH RENTCORP’s stock. Further assessment of MCGRATH RENTCORP reveals that it has a high health score of 7/10 with regard to its cashflows and debt. This indicates that the company is capable of sustaining operations in times of crisis. Additionally, MCGRATH RENTCORP scores highly in dividend, growth, and profitability, however, it is weak in asset. We believe that these qualities make this company an attractive option for investors. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    – ONTSU Co Ltd ($TSE:7647)

    Mitsubishi Electric is a Japanese electronics company that offers a wide range of products, including air conditioners, elevators and escalators, factory automation equipment, and outdoor video displays. The company has a market cap of 5.08 billion as of 2022 and a return on equity of 6.98%. Mitsubishi Electric is a global leader in the manufacture and sales of electrical and electronic products and services. The company has over 140,000 employees and operates in more than 100 countries around the world.

    – H&E Equipment Services Inc ($NASDAQ:HEES)

    H&E Equipment Services, Inc. is one of the largest integrated equipment services companies in the United States with over 130 locations in 32 states, Puerto Rico and the Virgin Islands. The Company offers a wide range of equipment for rent and sale, as well as parts and service for all types of equipment, through its integrated network of locations in the United States.

    H&E Equipment Services has a market cap of $1.49B as of 2022. The company has a ROE of 35.46%. H&E Equipment Services is one of the largest integrated equipment services companies in the United States with over 130 locations in 32 states, Puerto Rico and the Virgin Islands.

    – Babylon Pump & Power Ltd ($ASX:BPP)

    Babylon Pump & Power Ltd’s market cap is 12.29M as of 2022. The company has a Return on Equity of -43.24%. Babylon Pump & Power is a provider of pump and power solutions. The company offers a range of products and services for the oil and gas, mining, and construction industries.


    MCGRATH RENTCORP has recently been acquired by Jump Financial LLC, displaying a diversification of their portfolio. This move is expected to provide long-term returns on investment for Jump Financial. Analysts recommend that investors should consider MCGRATH RENTCORP for its potential to generate high returns and secure dividend payments. Factors such as the company’s competitive advantage, strong cash flow, and resilient balance sheet make it an attractive investment.

    Additionally, the company’s focus on its core competencies and innovative practices have made it a reliable and profitable investment option. Investors must assess current market conditions and weigh the returns against the potential risks of MCGRATH RENTCORP before investing.

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